Southern Michigan Bancorp (OTCMKTS:SOMC) Announces Earnings Results

Southern Michigan Bancorp (OTCMKTS:SOMC) announced its earnings results on Thursday. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Southern Michigan Bancorp had a return on equity of 10.92% and a net margin of 21.76%. The business had revenue of $8.49 million for the quarter.

Southern Michigan Bancorp stock traded down $0.68 during midday trading on Friday, reaching $38.52. The stock had a trading volume of 700 shares, compared to its average volume of 700. The firm’s fifty day simple moving average is $38.37 and its 200-day simple moving average is $38.06. Southern Michigan Bancorp has a 1-year low of $36.25 and a 1-year high of $39.50. The stock has a market capitalization of $89.17 million, a P/E ratio of 10.33 and a beta of 0.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 0.92.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southern Michigan communities. Its deposit products include interest and non-interest checking, passbook savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit.

Read More: How Do You Calculate Return on Equity (ROE)?

Earnings History for Southern Michigan Bancorp (OTCMKTS:SOMC)

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